Peru’s industries gain funding for circular economy projects
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The National Society of Industries (SNI) in Peru and the European Union are providing €550,000 in non-refundable funds to support 30 circular economy projects across eight regions. Lima, Arequipa, Lambayeque, Piura, La Libertad, Cajamarca, San Martín, and Cusco.
The initiative aims to help the plastics and textile industries adapt to the challenges posed by climate events like El Niño, which can disrupt water supplies, transportation, and the availability of raw materials.
The funding will prioritize projects directly or indirectly linked to the plastics and textile value chains, with a focus on reducing water consumption and reusing water already used in production. Felipe James, president of the SNI, explained that the northern part of the country will likely face water scarcity during the El Niño phenomenon, which is projected to last until April-May 2027.
The textile industry currently uses 72% of its water demand for the wet processes of dyeing and finishing, requiring an average of 200 liters of water per kilogram of textile material. This funding is part of a long-term partnership between the European Union and Peru, building on a previous program that assisted 80 companies in three regions. Initial assessments of 68 plans revealed 360 potential circularity measures, focused on waste valorization, innovation, and organizational culture.
The SNI also emphasized the importance of educating plant operators about sustainability to improve efficiency and reduce operational costs, noting that many companies lack accurate data on their water and energy consumption.
